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Mergers & Acquisitions
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									October 27, 2025
									Defunct Biz Asks 3rd Circ. To Revive $100M Caterpillar WinA defunct equipment importer asked the Third Circuit on Sunday to revive its $100 million contract interference damages award against Caterpillar and give it another shot at antitrust allegations accusing the company of orchestrating a boycott, arguing the district court botched key parts of the jury trial. 
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									October 27, 2025
									Dems Say $6.2B Nexstar-Tegna Deal Breaches Ownership CapNexstar's $6.2 billion plan to merge with rival broadcast company Tegna will create a behemoth that will breach the FCC's national ownership cap that limits how many stations any one company can own in a given market, say two federal lawmakers from Colorado. 
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									October 27, 2025
									Delta, Aeromexico Ask 11th Circ. To Halt Feds' JV Split OrderDelta Air Lines and Aeromexico have asked the Eleventh Circuit to freeze a Trump administration order directing them to scuttle their joint venture by Jan. 1, saying their legal challenge should first run its course and that unwinding their complex networks would be "tremendously burdensome." 
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									October 27, 2025
									Chinese E-Commerce Giant Can't Block Class ArbitrationChinese e-commerce giant Dangdang must face class arbitration of claims that it grossly shortchanged minority shareholders when it went private in 2016, after a judge in New York ruled that the tribunal did not exceed its power despite the underlying arbitration clause not mentioning class arbitration. 
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									October 27, 2025
									Skadden, Gibson Dunn Steer $40B Public Water Utility MergerAmerican Water Works Co. and Essential Utilities said Monday that they have agreed to an all-stock merger that will unite the two major regulated water and wastewater providers into a $40 billion public utility. 
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									October 27, 2025
									Chancery Mulls Shorter Fuse For Some Court Of Equity SuitsA Delaware jurist questioned Monday some applications of the Court of Chancery's "laches" counterpart to regular, statutory courts' three-year deadline for bringing claims, saying during arguments on dismissal of a special purpose acquisition company suit that claims in equity "may well" get less time to file. 
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									October 27, 2025
									KKR, Apollo Plug $7B Into Beverage Biz Keurig Dr PepperBeverage giant Keurig Dr Pepper on Monday revealed it has secured additional strategic investments for a planned $18.4 billion acquisition of JDE Peet's, with private equity giants KKR, advised by Kirkland & Ellis LLP, and Apollo Global Management, led by Latham & Watkins LLP, plugging $7 billion into the drink company. 
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									October 27, 2025
									Holland & Knight's CFIUS Team Leader Jumps To WeilThe leader of Holland & Knight LLP's Committee on Foreign Investment in the United States and industrial security team has made the move to Weil Gotshal & Manges LLP in Washington, D.C., the firm announced Monday. 
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									October 27, 2025
									Trian, General Catalyst Make $7.2B Play For Janus HendersonJanus Henderson Group said Monday it has received a $7.2 billion buyout offer from Trian Fund Management LP and General Catalyst Group Management LLC, which say the British asset management firm could more effectively achieve its goals as a private company. 
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									October 27, 2025
									Catching Up With Delaware's Chancery CourtThe Delaware Chancery Court and Delaware Supreme Court saw another busy week of disputes spanning biotech milestones, reincorporation showdowns, shareholder voting schemes and cryptocurrency fiduciary rights. 
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									October 27, 2025
									Compass Pushes For Redfin Docs In Zillow Antitrust FightCompass Inc. has urged a New York federal court presiding over the brokerage's antitrust suit against property listings company Zillow Inc. to order another property listings company, Redfin Corp., to provide copies of drafts of blog posts written by Redfin's CEO as well as a copy of an allegedly anticompetitive Zillow-Redfin rental agreement. 
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									October 27, 2025
									Top FTC Atty In Meta And Amazon Cases Joins WilmerHaleA former chief trial counsel at the Federal Trade Commission's Bureau of Competition, who was one of the lead attorneys on the agency's landmark monopolization cases against Amazon and Meta, has joined WilmerHale's Washington, D.C. office, the firm announced Monday. 
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									October 27, 2025
									Paul Weiss, K&L Gates Lead $660M Albemarle, Ketjen DealsK&L Gates LLP-advised Albemarle Corp. on Monday announced that it has agreed to sell a majority stake in Ketjen Corp.'s refining catalyst solutions business to Paul Weiss Rifkind Wharton & Garrison LLP-led private equity shop KPS Capital Partners, and separately announced it will sell a 50% interest in a joint venture with Ketjen to Axens SA in two deals that will provide the company with pre-tax proceeds of around $660 million. 
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									October 27, 2025
									Schroders Portfolio Biz Agrees Sale To Data Co. For $1.7BSchroders Capital Global Innovation Trust PLC said Monday that its portfolio company, Securiti AI, has signed an agreement to be acquired by private equity-backed business Veeam Software for approximately $1.7 billion. 
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									October 27, 2025
									Wachtell-Led Huntington Strikes $7.4B Deal For Cadence BankHuntington Bancshares Inc. said Monday it has agreed to acquire Cadence Bank for $7.4 billion in one of the top banking sector deals of 2025, with Wachtell Lipton advising Huntington and Sullivan & Cromwell guiding Cadence. 
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									October 27, 2025
									UK Raises Antitrust Concern Over £1.2B Greencore DealThe Competition and Markets Authority said on Monday that Greencore's planned £1.2 billion ($1.6 billion) deal for meals producer Bakkavor might harm competition in the U.K.'s market for chilled sauces. 
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									October 27, 2025
									Covington Helps Novartis Buy Avidity Biosciences For $12BSwiss pharmaceutical giant Novartis AG has said it will buy Avidity Biosciences, a U.S. developer of therapeutics for muscle diseases, for approximately $12 billion in a move to boost its neuroscience portfolio. 
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									October 26, 2025
									7 Firms Steer $2.1B Take-Private Deal For Plymouth REITReal estate investment firm Makarora Management LP and Ares Management Corp. have agreed to acquire and take private Plymouth Industrial REIT Inc. in a $2.1 billion cash deal guided by seven law firms, coming three months after a competing buyout offer for Plymouth. 
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									October 24, 2025
									JPMorgan Accuses Charlie Javice Of 'Abusive' Atty Fee BillingJPMorgan Chase & Co. on Friday asked a Delaware state judge to reverse a 2023 order requiring the bank to cover the legal fees of convicted Frank founder Charlie Javice, arguing that the court must put a stop to her "abusive billing." 
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									October 24, 2025
									X Corp. Says Ex-Twitter Workers' Bid Is Too Little, Too LateElon Musk's X Corp. told a Delaware federal judge that six former Twitter workers' bid to revive their dismissed severance claims by raising fresh contract theories and stale arbitration testimony is "far too little, far too late." 
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									October 24, 2025
									Avalara Investors Fight Stay In $8.4B Buyout DisputeShareholders of tax software company Avalara are fighting a motion by the company in Washington federal court to stay litigation accusing it of misleading investors ahead of an $8.4 billion deal to take the company private. 
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									October 24, 2025
									Off The Bench: NBA Gambling Woes, Golfer's $50M Trial WinIn this week's Off The Bench, the NBA faces a gambling scandal during its opening week, a Florida jury hands golfer Jack Nicklaus a $50 million victory in his defamation lawsuit, and DraftKings and the NHL step into the realm of prediction markets. 
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									October 24, 2025
									Sterlington Founder Talks C-Suite Guidance After $40B DealOn the heels of representing Aligned Data Centers' management in the company's $40 billion sale, Sterlington PLLC founder Chris Harrison spoke with Law360 about fundamental changes reshaping negotiations with buyers as private equity strategies evolve. 
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									October 24, 2025
									Paris-Based SPAC Targets US Acquisition After Raising $100MFrench special purpose acquisition company LaFayette Acquisition Corp. began trading publicly on Friday after raising $100 million in its U.S. initial public offering, with plans to target U.S. companies in a range of industries. 
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									October 24, 2025
									RunItOneTime Tells Judge Debtor In Talks For More DIP CashRunItOneTime LLC told a Texas bankruptcy judge on Friday it is in talks with its post-petition financing lender for more funds as it prepares to face the loss of operating cash from assets subject to sales the debtor hopes to close. 
Editor's Picks
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									UK Enforcers Say Cargo Equipment Deal Raises ConcernsThe planned merger of Finnish cargo handling equipment outfits Cargotec Corp. and Konecranes PLC faces increasing scrutiny across the globe, as U.K. enforcers raised concerns about competition for a number of different products for port services. 
Expert Analysis
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								Anticipating FTC's Shift On Unfair Competition Enforcement  As the Federal Trade Commission signals that it will continue to challenge unfair or deceptive acts and practices under Section 5 of the FTC Act, but with higher evidentiary standards, attorneys counseling healthcare, technology, energy or pharmaceuticals clients should note several practice tips, says Thomas Stratmann at George Mason University. 
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								Del. Dispatch: Chancery Expands On Caremark Red Flags  The Delaware Court of Chancery’s recent Brewer v. Turner decision, allowing a shareholder derivative suit against the board of Regions Bank to proceed, takes a more expansive view as to what constitutes red flags, bad faith and corporate trauma in Caremark claims, say attorneys at Fried Frank. 
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								Opinion It's Time For The Judiciary To Fix Its Cybersecurity Problem  After recent reports that hackers have once again infiltrated federal courts’ electronic case management systems, the judiciary should strengthen its cybersecurity practices in line with executive branch standards, outlining clear roles and responsibilities for execution, says Ilona Cohen at HackerOne. 
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								Considering Judicial Treatment Of The 2023 Merger Guidelines  Courts have so far primarily cited the 2023 merger guidelines for propositions that do not differ significantly from prior versions of the guidelines, leaving it unclear whether the antitrust agencies will test the guidelines’ more aggressive theories, and how those theories will be treated by federal judges, say attorneys at Covington. 
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								Federal Debanking Scrutiny Prompts Compliance Questions  Recent U.S. Small Business Administration guidance sets forth requirements for preventing so-called politicized debanking and specific additional instructions for small lenders, but falls short on clarity for larger institutions, leaving lenders of all sizes with questions as they navigate this unique compliance challenge, say attorneys at Cooley. 
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								Series Writing Novels Makes Me A Better Lawyer  Writing my debut novel taught me to appreciate the value of critique and to never give up, no matter how long or tedious the journey, providing me with valuable skills that I now emphasize in my practice, says Daniel Buzzetta at BakerHostetler. 
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								SEC's No-Action Relief Could Dramatically Alter Retail Voting  The U.S. Securities and Exchange Commission recently cleared the way for ExxonMobil to institute a novel change in retail shareholder voting that could greatly increase voter turnout, granting no-action relief that represents an effective and meaningful step toward modernizing the shareholder voting process and the much-needed democratization of retail investors, say attorneys at Cozen. 
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								SDNY OpenAI Order Clarifies Preservation Standards For AI  The Southern District of New York’s recent order in the OpenAI copyright infringement litigation, denying discovery of The New York Times' artificial intelligence technology use, clarifies that traditional preservation benchmarks apply to AI content, relieving organizations from using a “keep everything” approach, says Philip Favro at Favro Law. 
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								What's At Stake In Justices' Merits Hearing Of FTC Firing  In December, the U.S. Supreme Court will review President Donald Trump's firing of Democratic Federal Trade Commissioner Rebecca Slaughter, a decision that will implicate a 90-year-old precedent and, depending on its breadth, could have profound implications for presidential authority over independent agencies, say attorneys at Holland & Knight. 
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								6 Shifts In Trump Tax Law May Lend A Hand To M&A Strategy  Changes in the Trump administration's recent One Big Beautiful Bill Act stand to create a more favorable environment for mergers and acquisitions, including full bonus depreciation and an expanded code section, say attorneys at K&L Gates. 
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								Hermes Bags Antitrust Win That Clarifies Luxury Tying Claims  A California federal court recently found that absent actual harm to competition in the market for ancillary products, Hermes may make access to the Birkin bag contingent on other purchases, establishing that selective sales tactics and scarcity do not automatically violate U.S. antitrust law, say attorneys at Holland & Knight. 
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								Opinion High Court, Not A Single Justice, Should Decide On Recusal  As public trust in the U.S. Supreme Court continues to decline, the court should adopt a collegial framework in which all justices decide questions of recusal together — a reform that respects both judicial independence and due process for litigants, say Michael Broyde at Emory University and Hayden Hall at the U.S. Bankruptcy Court for the District of Delaware. 
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								Series Traveling Solo Makes Me A Better Lawyer  Traveling by myself has taught me to assess risk, understand tone and stay calm in high-pressure situations, which are not only useful life skills, but the foundation of how I support my clients, says Lacey Gutierrez at Group Five Legal. 
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								Series Law School's Missed Lessons: Client Service  Law school teaches you how to interpret the law, but it doesn't teach you some of the key ways to keeping clients satisfied, lessons that I've learned in the most unexpected of places: a book on how to be a butler, says Gregory Ramos at Armstrong Teasdale. 
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								US-German M&A Hits Its Stride Despite Economic Headwinds.jpg)  Against expectations, dealmakers in both the U.S. and Germany are actively seeking investment opportunities in each other's markets, with 2025 shaping up to be the strongest year in recent memory, say attorneys at White & Case.